Tulsa-based Empire Petroleum Corporation, an operator of conventional oil and gas properties, announced Thursday that certain debt holders have now converted 100% of their remaining debt along with accrued interest into Empire common shares. The purchase of XTO Energy’s Eunice-Monument and Arrowhead Grayburg Fields by Empire made on May 14, 2021, was financed with …
January 2022 archive
Holiday season helps smash revenue records in Oklahoma
A strong holiday shopping season helped push Gross Receipts to the Oklahoma Treasury to record highs for December and the calendar year, State Treasurer Randy McDaniel announced Thursday. The gross production tax on oil and natural gas continued its strong growth, finishing 154.1 percent higher than in December 2020. Click here to read report.
Friday’s other energy news headlines
** The energy crisis roiling markets in Europe is a preview of what the U.S. will face over the next 10 years as it shifts to cleaner power sources, according to Ed Morse, Citigroup’s global head of commodities research. ** A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices …
Former spaceport CFO files whistleblower suit in New Mexico
A whistle blower formerly with Spaceport America is accusing New Mexico Gov. Michelle Lujan Grisham and other government officials of conspiring to defraud taxpayers of nearly $200 million in public funds. Zach DeGregorio, the former chief financial officer of Spaceport America filed a 261-page complaint in federal court according to the Santa Fe New …
Completion reports for January 5, 2022
ALFALFA COUNTY Sandridge Exploration & Production Llc Mississippian: Oil 5 Gas 150 Water 8 Flow Cherokee Sand: Oil 24 Gas 20 Water 6 Pump 19 28N 9W Scott David 1-19, October 19, 2021 SH, OIL, TD: 5093 ft Lat: 36.89316, Long: -98.20765 API: 35003219430003 CANADIAN COUNTY Devon Energy Production Co Lp Woodford(11832): Oil 595 Gas 6776 Water 1966 Flow 2 12N 9W Miller-miller 2_11-12n-9w 2hx, August 23, 2021 HH, OIL, …
Permits to drill for January 5, 2022
Canadian County ROSEANNADANNA 34_27-12N-6W #2MHX, January 05 2022 34 12N 6W SWSWSWSE API: 01725758 Lat: 35.46515539733173, Long: -97.82131647418059 PALOMA OPERATING CO INC MU, DR, 18000 ft, MISSISSIPPIAN(8600)
Oklahoma regulators urged to approve PSO storm cost plan
Oklahoma Corporation Commissioners must now decide if they want to follow the recommendation of an Administrative Law Judge to approve a 20-year plan of PSO to spread its $688 million in February storm costs out to ratepayers. ALJ Dustin Murer, in a statement after a day-long hearing on Wednesday called it one of the …
U.S. crude oil prices finish higher as supplies slide
Wednesday’s trading produced another increase in crude oil prices as the benchmark U.S. crude settled close to $78 a barrel while overseas, the price was closer to $81. But Oklahoma energy stocks recorded losses for the day. The increase in prices came after U.S. fuel inventories rose because of a slipping demand as COVID-19 …
Native tribal leaders challenge two federal actions in New Mexico
Native American leaders challenge the U.S. government in two energy areas of concern in the state of New Mexico. In one case, Navajo Nation President Jonathan Nez is concerned that the Biden administration’s proposed oil and gas leasing freeze around the state’s Chaco Culture National Historical Park would harm Navajo mineral rights owners. In another …
Feds back Ameren’s move to retire coal plant early
The U.S. Justice Department argues in recent court filings that Ameren should close a large Missouri coal plant sooner than 2024, accusing the utility of engineering a “drawn out” plan to close the facility. The St. Louis Post-Dispatch reported the electric utility offered to close the giant Rush Island Energy Center in Jefferson County by March 2024. …